Thomas Gahan, BSP head and former Deutsche Bank Securities CEO, said, “We appreciate the commitment of our investors and their confidence in our team.

“The significant demand for the fund underscores the strength of our credit platform’s track record, particularly since multiple investors in this fund are also committed to one or more of our other credit products.

“Our entire team is focused on the significant opportunities ahead in credit and driving alpha for our investors.”

Providence CEO Jonathan Nelson added, “Tom and the BSP team share the same principals we all practice at Providence – integrity, discipline and creativity – and their insights into the global credit markets help inform our world view.

“They are an important complement to our private equity business, and with the support of our investors, we expect to continue to grow the platform in the years ahead.”